Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
SDAI LIMITED
Securities
SDAI LIMITED - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2026 07:22:47
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG260415OTHRCFQT
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Yap Koon Loong ("Mr Yap") as Executive Director of SDAI Limited (the "Company", and together with its subsidiaries, the "Group").

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Yang Zhenni, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06- 03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name of person
Yap Koon Loong
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
Mr Yap has decided not to stand for re-election as Executive Director of the Company at the upcoming Annual General Meeting of the Company due to health reasons ("Retirement"). The board of directors of the Company (the "Board"), having considered that Mr Yap's current role and responsibilities will be assumed by the Chief Executive Officer of the Company, with support from the management team of the Company, had on mutual agreement with Mr Yap, agreed that his last day of employment with the Company will be 30 April 2026 upon the conclusion of the AGM. The Board wish to assure shareholders of the Company that the Retirement will not affect the continued smooth functioning of the Company.

Having interviewed Mr Yap, the Company's Sponsor, Zico Capital Pte. Ltd., is satisfied, to the best of its knowledge, that save as disclosed in this announcement, there are no other material reasons for the Retirement of Mr Yap.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
16/01/2026
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Yap serves as an executive of the Company and his responsibilities include overseeing and managing regulatory compliance with the relevant authorities, strategic planning, risk management, financial reporting and the capital management of the Group.
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of independent directors currently resident in Singapore (taking into account this cessation)
3
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Mr Yap is a director of OOWAY Technology Pte. Ltd., an associated company of the Group, and a director of Asian Accounts Receivable Exchange Pte. Ltd. ("AREX"), a company which has entered into a loan agreement with the Company pursuant to which AREX has granted an interest-free loan in the principal amount of S$4,000,000 ("Loan") to the Company.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Yap is a director of OOWAY Technology Pte. Ltd. ("OOWAY Technology"), an associated company of the Group. Mdm Hao Dongting (the Executive Chairperson and a controlling shareholder of the Company) is also a director of OOWAY Technology and Mr James Beeland Rogers, Jr. (the Non-Executive and Non-Independent Director of the Company) is a co-founder and Chief Strategy Architect of OOWAY Technology and its subsidiaries.

Save as disclosed above, Mr Yap is not related to any existing director, executive officer, the Company and/or its substantial shareholders or any of the Company's principal subsidiaries.
Other Directorships
Past (for the last 5 years)
Asian Unicorn Club Pte. Ltd. (struck off)
KC Technologies Pte. Ltd. (struck off)
Lighthouse Capital Pte. Ltd. (struck off)
Beef Up Global Pte. Ltd. (struck off)
3L Asia Capital Pte. Ltd. (struck off)
OEL (Holdings) Limited
Present
Group Companies:
SDAI Healthcare Pte. Ltd.
QCM Holdings Pte. Ltd.
KHL (Hong Kong) Limited
Kitchen Culture (Hong Kong) Limited
Kitchen Culture (China) Limited

Other Companies:
Musangking Auto Pte. Ltd.
Asian Accounts Receivable Exchange Pte. Ltd.
Cigar Master International Pte. Ltd.
OOLife Holdings Pte. Ltd.
OOWAY Technology Pte. Ltd.
Chongqing Yuhai Precision Manufacturing
(Singapore) Co., Pte. Ltd.
FFC Alliance Pte. Ltd